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Location: Montreal, Canada

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Type: Medium Private VC

FIRM DESCRIPTION: iNovia Capital manages seed and early stage venture capital funds, with a focus on helping entrepreneurs and innovators build successful companies in the information technology, life sciences and cleantech sectors. iNovia Capital's value-added approach to early stage investing provides portfolio companies with capital, unique access to intellectual property from its partner academic institutions and an extensive network of industry partners, advisors and sector-specific co-investors. For more information see www.inoviacapital.com.

They have just raised (Fall 2007) a new 120M fund and renamed themselves iNovia Capital. They are associated with McGill, Sherbrooke and Bishops Universities in Quebec (hence the name MSBi) but now they are branching out to include Columbia and others. They have received funding from federal and provincial sources to fund university spin-offs